Gain a better understanding of the luxury market. Find out the latest news from the luxury business sectors – openings, launches, financial situations, buyings.
A New Partnership Will Dramatically Accelerate Global Availability of Hydrogen-Powered eVTOLs, Including World’s First Manned Hydrogen Helicopter. The global eVTOL market size is forecasted to grow from an estimated $74 million in 2025 to $860 million by 2030, according to new market research. In the first few months of 2021 alone, $5 billion of … Read more
Ras Al Khaimah, the Northernmost Emirate in the United Arab Emirates (UAE) is bucking post-pandemic tourism trends with exceptional growth and a £96-million investment in its industry. According to Raki Phillips, CEO of the Ras Al Khaimah Tourism Development Authority (RAKTDA), the Emirate’s tourism figures recorded a drop of 25%, yet around three times … Read more
LVMH luxury group announces a new Artistic Director for Maison Pucci. Camille Miceli is the new artistic director for the fashion luxury brand Pucci. Sidney Toledano, Chairman and CEO of the LVMH Fashion Group and a member of the LVMH Executive Committee, announced the appointment of Camille Miceli, 50, as Artistic Director of Maison … Read more
Safe Cities Index 2021: Copenhagen, the capital city of Denmark, has been named the world’s safest city. The Safe Cities Index 2021 is a report from The Economist Intelligence Unit. The report is based on the fourth iteration of the index, which ranks 60 cities across 76 indicators covering digital, health, infrastructure, personal and environmental … Read more
WatchBox heightens commitment to the independent watchmaking segment with major investment in De Bethune. WatchBox, the global leader in collectible luxury timepieces, today announced the investment in De Bethune, the independent watch manufacture established in 2002, and led by founder and visionary Master Watchmaker Denis Flageollet and CEO Pierre Jacques. WatchBox and De Bethune … Read more
How did yacht sales and deliveries really fare during the Covid-19 pandemic? After what has been an unusual year, Superyacht Times and Monaco Yacht Show offer a preview of the yachting market report and the industry’s performance in 2020. The State of Yachting is the flagship publication of SuperYacht Times. Now in its fifth year, … Read more